Dura Buyer Can't End Contract With Supplier: Judge

By Jesse Greenspan

Law360, New York (January 20, 2010, 4:20 PM ET) -- A private equity firm that bought a unit of then-bankrupt Dura Automotive Systems Inc. did not have the right to then reject a contract with the company that provided Dura with motors for heating, ventilation and air conditioning systems in SUVs, a federal judge has ruled in affirming a bankruptcy judge's decision.

Judge Sue L. Robinson of the U.S. District Court for the District of Delaware found Tuesday that the bankruptcy court's interpretation of the sale order and asset purchase agreement was not clearly erroneous, and...
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